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This paper examines the characteristics of UK small firm bank finance and the causes of the frequently strained relationship between small firms and banks in the UK. Debt, credit rationing, and call option problems under the UK system are examined. The bank’s solutions including the...
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Fortschritte in der Technologie, Konkurrenz von US-Banken und die neue zentralisierte europäische Wirtschaft bringen tiefgreifende Veränderungen für europäische Banken mit sich. Diejenigen Banken, die überleben, müssen sich rasch an die neuen Verhältnisse anpassen. "The Future of Retail...
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We analyze the impact of information asymmetry on bank default risk in Europe from 1993 to 2011 and show that banks that are more difficult to value by investors are characterized by a higher default risk. The risk-increasing effect of information asymmetry is present both before and during the...
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